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20110713
20110713
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, news corporation decided to drop its bid to buy remaining shares in bskyb, britain's largest satellite broadcasting company. this doesn't mean, patti ann, that newscorp won't revisit the plan sometime down the road but for now it's been scrapped. newscorp issued a statement saying it had believed that newscorp taking over bskyb would actually benefit both companies but it is clear in the current climate it can't progress with the deal, newscorp owns 39 percent of the shares in bskyb. there was a lively debate in the british parliament today. it was expected that the government would vote this evening to ask news corporation to drop its bid to take over bskyb. even though newscorp has dropped the bid, apparently that discussion tonight is going on but here's what british prime minister david cameron said at a preliminary debate this morning: >> what has happened to this company is disgraceful, it's got to be addressed at elf level and they should stop thinking about mergers when they've got to sort out the mess they've created. >> reporter: cameron has, patti ann, welcomed newscorp's de
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